Apex Clean Energy

Apex Clean Energy is a significant renewable energy developer and operator in the US, with a strong focus on wind power and active expansion plans, despite facing regulatory and environmental challenges.

Overview

Apex Clean Energy is a renewable energy company with a substantial operational footprint across the United States. The company demonstrates a commitment to expanding its renewable energy portfolio, particularly in wind.

• Total Plants: 18
• Total Capacity: 3.8 GW (Note: The provided data states 18 plants totaling 3.8 GW, but also "Apex Clean Energy operates 18 plants totaling 3.8 GW across 12 states" and "Fuel mix: Wind (12 plants, 3.2 GW), Solar (5 plants, 608 MW), Oil & Petroleum (1 plants, 7 MW)" which sums to 3.815 GW. Using 3.8 GW as the primary total.)
• States of Operation: 12 (Colorado, Texas, Illinois, Ohio, Oklahoma, North Dakota, North Carolina, Michigan, Virginia, New York, plus two additional implied states to reach 12 from the listed 10)
• Average Fleet Age: 11 years
• Newest Plant Commissioning: 2025

Fleet Details

The company's operational fleet is predominantly wind-powered, with a growing solar presence and a very minor contribution from oil & petroleum. Recent additions indicate a strong growth trajectory.

• Wind Plants: 12
• Wind Capacity: 3.2 GW
• Solar Plants: 5
• Solar Capacity: 608 MW
• Oil & Petroleum Plants: 1
• Oil & Petroleum Capacity: 7 MW
• Largest Wind Plant (Singing Grass Wind): 603 MW
• Second Largest Wind Plant (Young Wind): 500 MW
• Third Largest Wind Plant (Coles Wind): 300 MW
• Recent Additions (since 2023): 6 plants, 1.1 GW
• Queue Pipeline Projects: 2
• Queue Pipeline Capacity: 699 MW
• Queue Pipeline Technologies: Wind (2 projects)
• Queue Pipeline Status: Active (2 projects)

Financial Profile

Apex Clean Energy has demonstrated significant success in securing financing for its renewable energy projects, indicating strong investor confidence and a robust financial strategy for expansion.

• Financial Commitments (Project Finance): "Apex secures funding for US renewable energy assets", "Apex finances 670MW of energy storage, wind, with US$2.79 billion financial commitments"
• Market Position (Colorado Wind): #1 WND
• Market Position (Illinois Wind): #4 WND, #5 WND (two distinct positions)
• Market Position (Ohio Wind): #2 WND
• Market Position (North Dakota Wind): #4 WND

Strategic Outlook

Apex Clean Energy is strategically positioned for continued growth in the renewable energy sector, particularly in wind, as evidenced by its active project pipeline and successful financing rounds. However, the company must effectively navigate potential regulatory hurdles, permitting challenges, and the increasing risks associated with extreme weather events to maintain its expansion trajectory and market leadership.